Etihad, Jet Airways in talks on rescue deal-sources

Etihad Airways is holding talks with Jet Airways and its bankers on a rescue plan for the debt-laden carrier, 2 sources aware of the matter said. Executives from Etihad and Jet have met some of the airline's bankers in Mumbai in recent days to discuss ways to address its cash flow issues and evaluate the carrier's future business plan, the sources said. Etihad, which owns 24% stake in Jet Airways, is also considering investing fresh funds in the airline if it can agree on the structure, one of the sources said, adding that no deal has been finalised. Jet is in desperate need of cash. The airline owes money to lessors and vendors, has delayed salary payments to pilots and senior executives and is cutting flights on non-profitable routes to save money. <br/>